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ACQUISITIONS AND DIVESTITURES (Tables)
 6 Months Ended
Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary estimates of the assets acquired and liabilities assumed in the merger:
(In millions)
Current assets
$282 
Property, plant, and equipment
4,493 
Deferred tax asset
575 
Other assets11 
Total assets acquired$5,361 
Current liabilities$616 
Long-term debt
2,113 
Asset retirement obligation136 
Other long-term obligations58 
Total liabilities assumed$2,923 
Net assets acquired$2,438 
Schedule of Pro Forma Adjustment
The following unaudited pro forma combined results for the three and six months ended June 30, 2024 and 2023 reflect the consolidated results of operations of the Company as if the Callon acquisition had occurred on January 1, 2023. The unaudited pro forma information includes certain accounting adjustments for transaction costs, depreciation, depletion, and amortization expense, and estimated tax impacts of the pro forma adjustments.
For the Quarter Ended
June 30,		For the Six Months Ended
June 30,
2024202320242023
(In millions, except share data)
Revenues
$2,201 $2,337 $4,513 $4,883 
Net income attributable to common stock
630 508 779 790 
Net income per common share – basic
1.70 1.35 2.10 2.08 
Net income per common share – diluted
1.69 1.34 2.10 2.08